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MLS# 70988022 Single Family Home $1,155,000 Wellesley, Massachusetts  

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Foreclosures

The problems in the sub prime lending area have led to a high amount of foreclosures. If a house has been through the foreclosure process then the lending bank takes ownership of the property. When looking to buy a foreclosure the process can take a little longer than purchasing a typical property. This is because banks are not set up to sell properties and they can be slow. In addition when purchasing a foreclosure the banks typically want you to sign various legal documents to protect them from liablity if there is something wrong with the house. Like buying any property you should have a home inspection and be wary of any problems. If you do your homework buying a foreclosure can be a great investment.


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Town Summary
Wellesley, Massachusetts - 02481
County:Norfolk County
Population: 26,615
Tax Rate: 9.18 (Tax Year 2008)
Town Profile:Town Profile for Wellesley, MA
Web Site:Town Website
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Listing Remarks
Built in the romantic years at the turn of the century, this unique and gracious offering will transport you in time. With over an acre of meticulously cared for grounds, this 11 room, 6 bedroom home has been cherished by all of its' six owners. A spacious three-story octagonal foyer with stained glass skylight and 7 fireplaces add to the unspoiled character of this truly unique property. Classic period detail and gorgeous vintage hardwood floors make this a home for generations to come!

Listing Information
MLS #: 70988022   Status: Active
List Price: $1,155,000
Style: Victorian   Acres: 1.32
Lot Size: 57349 sqft.   Liv. Area: 4183 sqft.
 
Basement: Y   Garage: 2
Rooms: 11 Bedrooms: 6
Full Baths: 3
Half Baths: 1
Master Bath: Y
 
Room Information
  Room Level   Dimensions Features
  Living Room 1   17X23 Fireplace Hard Wood Floor
  Family Room 1   20X15 Fireplace Hard Wood Floor
  Dining Room 1   19X14 Fireplace Hard Wood Floor
  Kitchen 1   14X21 Fireplace Hard Wood Floor
  Master Bedroom 2   14X15 Full Bath Fireplace Walk-in Closet Hard Wood Floor
  Bedroom 2 2   17X16 Full Bath Fireplace Hard Wood Floor
  Bedroom 3 2   15X12 Hard Wood Floor
  Bedroom 4 2   12X14 Hard Wood Floor
  Bedroom 5 3   9X17 Wall to Wall Carpet
  MUD 1   10X11
  SUN 1   13X8 Ceramic Tile Floor
  OTH 1   8X7 Hard Wood Floor
  FOY 1   18X15 Fireplace
  OFC 3   12X17 Hard Wood Floor




The information in this listing was gathered from third party resources including the seller and public records. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Content © 2005 MLS Property Information Network, Inc.
This listing is courtesy of Betsy Kessler from Rutledge Properties.
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Mortgage Pre Approval and Your Credit

The first step when looking for a home is to get pre-approved for a mortgage. The seller of a property wants to know that you are approved for a mortgage and that you can indeed afford the property. There are various mortgage programs available to you. Your credit score or FICO score will greatly affect the type of home loan you are able to receive. If you have bad credit you will pay a higher rate. There are ways to improve your credit score that you should consider as this can save you thousands of dollars in interest over the course of a loan. There are also ways to repair bad credit and small things you can do to improve your credit score in a short time. As many Americans have discovered a Fixed rate mortgage is much easier to manage than an Ajustable Rate Mortgage.

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